Abu Dhabi slashes business registration costs by 90pc
July 27, 2021
Abu Dhabi: Abu Dhabi will slash the cost of establishing new businesses by more than 90 percent from Tuesday to increase the competitiveness regionally and internationally of the emirate, already a magnet for commerce.
In recent weeks authorities have ramped up efforts to woo new business to Abu Dhabi, one of seven emirates that make up the United Arab Emirates. Corporate taxes are practically zero in the UAE as it seeks to diversify its previously oil-based economy. Business setup fees in Abu Dhabi emirate have been reduced to AED1,000 ($272) a reduction of more than 90 per cent, the Abu Dhabi Government Media Office said in a statement late Sunday.
Abu Dhabi Cuts Business Setup Fees by Over 90%
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Abu Dhabi slashes business registration costs by 90%
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